What is the current Price Target for the PennantPark Floating Rate Capital Ltd. stock?

The average PennantPark Floating Rate Capital Ltd. target price is $11.67. This is 1.98% higher than the current stock price. The highest price target is 4.90%, the lowest is -3.85%. 6 Analysts have issued a price target PennantPark Floating Rate Capital Ltd. 2025 .

How high will the PennantPark Floating Rate Capital Ltd. stock rise?

No reliable answer can be given as to how high the PennantPark Floating Rate Capital Ltd. stock will rise. The performance of stocks, including the PennantPark Floating Rate Capital Ltd. stock, depends on a variety of factors, such as the general economic situation, the company's business results, investor expectations and global events.

What's going on with the PennantPark Floating Rate Capital Ltd. stock today?

The performance of PennantPark Floating Rate Capital Ltd. stock on any given day can be influenced by various factors, such as market conditions, industry trends, company news and global events.

Why did the PennantPark Floating Rate Capital Ltd. stock fall?

The decline in PennantPark Floating Rate Capital Ltd. stock may be due to a variety of factors, such as market conditions, industry trends, company news, macroeconomic events or changes in investor expectations. It is important to note that stock markets are inherently volatile and the performance of an individual stock on any given day is not necessarily indicative of its long-term performance.

What is a price target?

A price target is an estimate by an analyst or investment bank of where a company's stock price could be in a certain period of time, usually 12 months.

PennantPark Floating Rate Capital Ltd. Forecast, price target & analysts

$11.44

0.26% day before yesterday

Nasdaq, Sep 06, 10:14 pm CET

ISIN

US70806A1060

Symbol

PFLT

Reports

Quarter | Annual

Index

NASDAQ Composite

Sector

Finances

Industry

Asset manager

Overview Dividends Analysts Charts News Strategies

PennantPark Floating Rate Capital Ltd. Target price 2024 - Analyst rating & recommendation

PennantPark Floating Rate Capital Ltd. Classifications & Recommendation:

Buy

43%

Hold

57%

PennantPark Floating Rate Capital Ltd. Price Target

Target Price	$11.67
Price	$11.44
Potential	1.98% register free of charge
Number of Estimates	6

	6 Analysts have issued a price target PennantPark Floating Rate Capital Ltd. 2025 . The average PennantPark Floating Rate Capital Ltd. target price is $11.67. This is 1.98% register free of charge higher than the current stock price. The highest price target is $12.00 4.90% register free of charge , the lowest is $11.00 3.85% register free of charge .
	A rating was issued by 7 analysts: 3 Analysts recommend PennantPark Floating Rate Capital Ltd. to buy, 4 to hold and 0 to sell.
	Analysts don't have a crystal ball either, but they do represent the opinion of the market quite well. You should not take the price potential and the ratings as a recommendation to act. Rather, they serve as an additional building block for your own opinion or stock analysis.
	Analyst Estimates: Analysts believe that the PennantPark Floating Rate Capital Ltd. stock has an average upside potential 2025 of 1.98% register free of charge . Most analysts recommend the PennantPark Floating Rate Capital Ltd. stock at Hold.

Sales and Margin forecast 2024, 2025 & 2026

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Quarter Annually

	Sep '23	2024 Estimates
Revenue Million $	123.18	178.94
	30.51%	45.27%

5 Analysts have issued a sales forecast PennantPark Floating Rate Capital Ltd. 2024 . The average PennantPark Floating Rate Capital Ltd. sales estimate is

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. This is

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than the revenue of the last 12 months(TTM). The highest sales forecast is

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, the lowest is

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This results in the following potential growth metrics:

2023	$123m	30.51%
2024	$179m 45.27% Unlock
2025	$212m 18.59% Unlock
2026	$198m 6.82% Unlock

Earnings per share, P/E ratio and EV/sales Estimates 2024, 2025 & 2026

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Quarter Annually

	Sep '23	2024 Estimates
Earnings Per Share $	0.77	1.46
	862.50%	89.61%
P/E		7.86
EV/Sales		9.24

7 Analysts have issued a PennantPark Floating Rate Capital Ltd. forecast for earnings per share. The average PennantPark Floating Rate Capital Ltd. <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS is

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. This is

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than earnings per share in the financial year 2023. The highest <a href=https://blog.stocksguide.com/knowledge/eps-simply-explained>EPS forecast is

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, the lowest is

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This results in the following potential growth metrics and future valuations:

2023	$0.77	862.50%
2024	$1.46 89.61% Unlock
2025	$1.25 14.38% Unlock
2026	$1.17 6.40% Unlock

Current
2025	9.15 16.41% Unlock
2026	9.76 6.67% Unlock

Based on analysts' sales estimates for 2024, the PennantPark Floating Rate Capital Ltd. stock is valued at an <a href=https://blog.stocksguide.com/knowledge/enterprise-value-sales-simply-explained>EV/Sales of

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and an <a href=https://blog.stocksguide.com/knowledge/price-sales-ratio-simply-explained>P/S ratio of

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This results in the following potential growth metrics and future valuations:

Current	10.04	5.80%
2024	9.24 7.94% Unlock
2025	7.79 15.68% Unlock
2026	8.36 7.32% Unlock

Current	5.11	4.33%
2024	4.71 7.90% Unlock
2025	3.97 15.68% Unlock
2026	4.26 7.32% Unlock

PennantPark Floating Rate Capital Ltd....

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